Jupiter Fund Management (LON:JUP) Share Price Passes Below Two Hundred Day Moving Average of $158.32

Shares of Jupiter Fund Management Plc (LON:JUPGet Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 158.32 ($1.91) and traded as low as GBX 101.50 ($1.23). Jupiter Fund Management shares last traded at GBX 103 ($1.24), with a volume of 1,277,744 shares traded.

Analyst Ratings Changes

A number of research firms have commented on JUP. Barclays cut their price target on shares of Jupiter Fund Management from GBX 180 ($2.17) to GBX 120 ($1.45) and set an “underweight” rating for the company in a research note on Wednesday, July 13th. JPMorgan Chase & Co. lowered their target price on shares of Jupiter Fund Management from GBX 200 ($2.42) to GBX 150 ($1.81) and set a “neutral” rating for the company in a research note on Wednesday, July 6th. Berenberg Bank dropped their target price on Jupiter Fund Management from GBX 320 ($3.87) to GBX 120 ($1.45) and set a “hold” rating on the stock in a research report on Tuesday, July 26th. Finally, Citigroup reissued a “sell” rating and issued a GBX 135 ($1.63) price objective on shares of Jupiter Fund Management in a research note on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Jupiter Fund Management presently has a consensus rating of “Hold” and an average target price of GBX 161 ($1.95).

Jupiter Fund Management Stock Down 3.9 %

The company has a market cap of £566.93 million and a P/E ratio of 493.33. The company has a debt-to-equity ratio of 5.77, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50 day moving average price is GBX 116.40 and its 200-day moving average price is GBX 157.94.

Jupiter Fund Management Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 31st. Stockholders of record on Thursday, August 11th were given a GBX 7.90 ($0.10) dividend. This represents a dividend yield of 6.15%. The ex-dividend date was Thursday, August 11th. Jupiter Fund Management’s dividend payout ratio (DPR) is presently 81.43%.

Insider Buying and Selling

In other Jupiter Fund Management news, insider Suzy Neubert purchased 46,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was acquired at an average cost of GBX 108 ($1.30) per share, for a total transaction of £49,680 ($60,029.00). In related news, insider Suzy Neubert purchased 46,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were acquired at an average price of GBX 108 ($1.30) per share, for a total transaction of £49,680 ($60,029.00). Also, insider Roger Yates acquired 100,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were bought at an average cost of GBX 125 ($1.51) per share, for a total transaction of £125,000 ($151,039.15).

About Jupiter Fund Management

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Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.

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